International Taxation: US estate tax spells taxing times for NRIs

International Taxation: US estate tax spells taxing times for NRIs

Description: The first $5 million taxed at 35%. The reintroduction of  the estate  tax  is  forcing  a  rethink among  wealthy  Indian –origin American citizens. The estate  tax is  imposed  on ‘all global’ movable  and immovable  estate’s  administrator before  any distribution is  made  to his or her inheritor. Source: 1. www.tpcc.in. 2. The Tax Referencer .Volume117. […]

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